REQUIREMENTS RELATING TO WAIVER OF RIGHTS UNDER THE ACT.

SEC. 702. REQUIREMENTS RELATING TO WAIVER OF RIGHTS UNDER THE ACT. Section 107 of the Servicemembers Civil Relief Act (50 U.S.C. App. 517) is amended—(1) in subsection (a), by inserting after the first sentence the following new sentence: “Any such waiver that applies to an action listed in subsection (b) of this section is effective only if it is in writing and is executed as an instrument separate from the obligation or liability to which it applies.”;(2) by redesignating subsection (c) as subsection (d); and(3) by inserting after subsection (b) the following new subsection (c):“(c) Prominent Display of Certain Contract Rights Waivers.—Any waiver in writing of a right or protection provided by this Act that applies to a contract, lease, or similar legal instrument must be in at least 12 point type.”.